Gold at New High Price

As I’m writing this the futures spot price of gold just broke through an all-time high. Currently, the gold spot price is over $2,700 per ounce!

Gold at New High Price

Gold at New High Price

Gold at New High Price

Gold at New High Price - California gold nuggets

California gold nuggets

Factors Driving Gold Prices to New Highs

The recent surge in gold prices can be attributed to several interconnected factors:

  1. Geopolitical Tensions:
  • Global Uncertainty: Rising tensions between nations, geopolitical crises, and trade disputes create an environment of uncertainty, which often drives investors towards safe-haven assets like gold.  
  • Russia-Ukraine War: The ongoing conflict has significantly impacted global markets and increased demand for gold as a hedge against economic and political instability.  
  1. Inflationary Concerns:
  • Rising Prices: Persistent inflation erodes the purchasing power of fiat currencies, making gold, a tangible asset, a more attractive investment.  
  • Central Bank Policies: To combat inflation, central banks often raise interest rates, which can weaken the value of currencies and increase the appeal of gold.
  1. Central Bank Buying:
  • Diversification: Central banks around the world have been actively increasing their gold holdings to diversify their foreign exchange reserves and protect against economic shocks.  
  • Safe Haven: Gold’s status as a safe-haven asset makes it a desirable addition to central bank portfolios.  
  1. Low Interest Rates:
  • Decreased Opportunity Cost: When interest rates are low, the opportunity cost of holding gold, which doesn’t pay interest, is lower, making it a more attractive investment option.  
  1. Investor Sentiment:
  • Risk Aversion: As investors become more risk-averse in uncertain economic times, they often flock to gold as a perceived safe-haven asset.  
  • Positive Outlook: Positive sentiment regarding gold’s long-term value can also drive prices higher.

It’s important to note that these factors can interact and influence each other, making it difficult to isolate the exact cause of gold price movements. However, the combination of these elements has contributed to the recent surge in gold prices.

Gold at New High Price

  • +++++++

    High Grade Silver Ore Slab

    silver slab - Gold Prospector Holiday Unique Gifts

    silver slab – example only

    Nice sawn vein specimen of fresh, unaltered high grade silver ore from the world-class Cobalt Ontario deposits. Sawn on one side only.  The deposit was described in Mineralogical Record, Volume 43, Number 6.  In general, veins are predominantly composed of carbonates (calcite and/or dolomite) with arsenides and sulpharsenides of Co, Ni and Fe with native Ag and Bismuth.  Most of this material has been squirreled away in collections by now, although specimens do occasionally come to market.

    silver slab

    There are a few of these silver slabs available. The very bright silver really makes this piece stand out, but, unfortunately makes it all so hard to photograph. As an example the one pictured above is 66 grams for $45.

    Silver, Bornite

    Silver, Bornite

    There are a few of these beautiful native silver w bornite specimens available. Here is a 2 inch x 1 inch, Apx. 17.5 grams – Native Silver on Bornite thumbnail specimen from San Martin, Mexico. As an example the one pictured above is 17.5 grams for $60. 

    Avon Gold Rush Collectible stein

    Avon Gold Rush Collectible steinGold Rush Avon brown ceramic beer stein with lid 1987 Brazil - Picture 6 of 10

    1987 8 1/2” tall  San Francisco Gold Rush Handcrafted in Brazil for Avon. Each one of is individually numbered (#32017) this is the last one. $35.

    For further information on these:  seo711@gmail.com

    All the items shown here are very limited and subject to prior sale without notice.

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    Also see the most expensive type of gold nuggets, the Crystalline Gold Nuggets

    Crystalline gold

    Crystalline gold

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